Mitsui O.S.K. Lines to Take 5% Stake in Seajacks

first_imgTokyo-based Mitsui O.S.K. Lines (MOL) today informed it plans to acquire a 5% share in Seajacks from Marubeni Corporation.With Seajacks’ vessels operating in the offshore wind market, MOL said this is a new offshore business for the company and the first step to move into the renewable energy sector through involvement in installation of offshore wind power generation systems, which is expanding in Europe and other areas around the world.The UK-based company is currently owned by Marubeni Corporation and Innovation Network Corporation of Japan (INCJ). In 2012, INCJ and Marubeni acquired Seajacks with 50:50 ownership stakes, with Marubeni buying 5% from INCJ two years later and becoming the major shareholder of the company.Being fully-owned by Japanese companies allows Seajacks to look to the Far East offshore wind market and be ready to tap into its opportunities, the company’s CEO Blair Ainslie told Offshore WIND in an interview from August 2016. Seajacks’ countries of interest there are Japan, Taiwan, Korea, with some opportunities being explored in China as well.Overall, the company is well positioned to do business across the offshore energy sector, since it owns and operates jack-up vessels that are capable of serving both offshore wind and oil and gas industries.Seajacks has a total of five vessels, including Seajacks Scylla – the world’s largest wind installation vessel. Three of the five vessels are smaller and built mainly for the oil and gas market, but also for offshore wind operations and maintenance (O&M).Offshore WIND Stafflast_img read more


Man United’s Shaw optimistic of Pochettino reunion

first_imgManchester United defender Luke Shaw has praised his former manager Mauricio Pochettino and is hopeful of reuniting with the Tottenham Hotspur coach in the future.Shaw played under Pochettino at Southampton during the latter half of the 2012-13 season as the Saints finished eighth in the Premier League. The England International moved to United at the end of the season.In the epilogue of Spanish pundit Guillem Balague’s new book “Brave New World: Inside Pochettino’s Spurs”, the 22-year-old hailed his fantastic relationship with the Argentine and reckoned Pochettino would like to work with him again as well.“I think with Southampton he achieved the impossible. We were one of the best footballing teams in the league…I do hope that I can play for him again one day. And I think he really wants me to play under him again,” Shaw wrote.“He used to call me his son, that’s how good our relationship was. I’ve had lots of ups and downs, but when I was with Pochettino it was only ever up, up, up.“He made me feel that I was the best. He’d show me clips of my games and say, ‘You should do this better’. Not in a horrible way. Not I could have done better, but I should have done better, because he knows I can be better.”Shaw is struggling to get playing time at United after falling out with manager Jose Mourinho and could meet Pochettino when second-placed United host third-placed Tottenham in the league on Saturday.last_img read more